Wealth, Race, and Consumption Smoothing of Typical Income Shocks
收藏NBER2020-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27552
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资源简介：
We study the consumption response to typical labor income shocks and investigate how these vary by wealth and race. First, we develop an instrument based on firm-wide changes in labor income. Household income volatility stems mostly from fluctuations in labor income and this research design
提供机构：
美国国家经济研究局
创建时间：
2020-07-01
